Arch Capital Group Ltd. $ACGL is High Ground Investment Management LLP’s Largest Position

High Ground Investment Management LLP increased its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,714,668 shares of the insurance provider’s stock after purchasing an additional 58,151 shares during the quarter. Arch Capital Group accounts for 25.8% of High Ground Investment Management LLP’s holdings, making the stock its biggest holding. High Ground Investment Management LLP’s holdings in Arch Capital Group were worth $155,572,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. TD Waterhouse Canada Inc. increased its position in Arch Capital Group by 31.4% during the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares during the last quarter. Crescent Grove Advisors LLC lifted its holdings in shares of Arch Capital Group by 3.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 3,702 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 112 shares during the last quarter. TIAA Trust National Association boosted its stake in shares of Arch Capital Group by 3.1% during the 2nd quarter. TIAA Trust National Association now owns 3,892 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 116 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of Arch Capital Group by 4.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,025 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 127 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Arch Capital Group by 5.1% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,828 shares of the insurance provider’s stock valued at $257,000 after purchasing an additional 136 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors.

Arch Capital Group Stock Performance

Shares of Arch Capital Group stock opened at $100.13 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $94.22 and its 200-day moving average price is $91.37. The firm has a market cap of $36.31 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.03 and a beta of 0.42. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $100.50.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays set a $104.00 price objective on shares of Arch Capital Group and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Wells Fargo & Company reduced their price target on Arch Capital Group from $111.00 to $106.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, January 21st. Evercore ISI set a $100.00 price objective on Arch Capital Group and gave the company an “in-line” rating in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on Arch Capital Group from $100.00 to $102.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.53.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, CFO Francois Morin sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $94.62, for a total transaction of $756,960.00. Following the transaction, the chief financial officer owned 266,681 shares of the company’s stock, valued at approximately $25,233,356.22. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John M. Pasquesi sold 203,866 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $93.90, for a total transaction of $19,143,017.40. Following the completion of the sale, the insider directly owned 351,356 shares of the company’s stock, valued at $32,992,328.40. The trade was a 36.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,666 shares of company stock worth $20,728,673 in the last three months. Insiders own 4.20% of the company’s stock.

Arch Capital Group Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.